Scottish Investment Trust announced a cut in its borrowings yesterday as it purchased in the market for cancellation 21,188,000 5.75% Secured Bonds 2030. Upon cancellation 82,827,000 5.75% Secured Bonds 2030 will remain in issue. Today it has announced results for the year ended 31 October 2015. The total return on net assets was 4.0% while the share […]
Candover Investments says Arle Capital Partners has agreed to sell Stork to Fluor Corporation for an enterprise value of €695m. The sale of Stork, provider of knowledge-based asset integrity services, completes the full exit of the investments held through Stork Holding BV following the sale of Fokker Technologies earlier this year to GKN plc for €706m. The […]
Standard Life European Private Equity has announced results for the year ended 30 September 2015. The net asset value total return for the year was 11.9 but the closing share price was 214.0p, a decrease of 7.0% over the year and a discount of 24.0% to NAV. The dividend was increased from 5p to 5.25p. […]
Seneca Global Income & Growth reports an NAV total return of -1.3% for the six months ended 31 October 2015. This is below the return on its benchmark of 1.8%. However SIGT has outperformed most indices and its competitors. On a capital only basis Seneca Global Income & Growth reported a 3.2% fall in NAV as compared to a 7.3% fall […]
Majedie Investments generated a 12.9% return on net assets for the year ended 30 September 2015 and a return to shareholders of 15.7%. The dividend was increased from 7.5p to 8p. This was the first full year of the Company’s assets being managed by Majedie Asset Management and they did a pretty good job – over […]
Blue Capital Global Reinsurance Fund is proposing to revise its investment policy and modify its performance fees. They want to do this in advance of the January 2016 reinsurance cycle. they also feel it is appropriate to reduce the company’s target return. The key changes proposed to the investment policy are as follows: the formal adoption of investment guidelines and […]
New City Energy says its Board have been reviewing the level of likely income from the portfolio of investments. This has been impacted by the sharp fall in the oil price over the last 12 months leading to a number of portfolio companies reducing or cancelling their dividends. The Board have concluded that the current level […]
BlueCrest Capital Management has announced that they intend to return all external money to investors and just manage their own. The implication of this is that BlueCrest AllBlue will follow BlueCrest BlueTrend into liquidation. The full text of their announcement is given below: The Company has today received a notification from BlueCrest Capital Management Limited […]
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As anticipated in Amedeo Air Four’s Prospectus from April 2015, Amedeo Air Four Plus Limited, via its wholly-owned subsidiary AA4P Delta Limited, has bought, directly from Airbus, one A380 aircraft bearing manufacturer’s serial number 201. The deal was completed on 30 November at a net cost to the company of $275,000,000. In accordance with the investment […]
